From the article:
Speaking exclusively to Devex, Brown said high borrowing costs often meant governments were reluctant to prioritize education spending. “Currently, developing country governments have to borrow to pay for the education — from development banks at between 3.5 and 4 percent interest – finance ministers don’t want to use that financing for teacher’s salaries,” Brown explained and outlined the IFFEd’s solution.

“We want to get guarantees from individual donor countries that will allow development banks to borrow more money to pay for education and then convert the loans these countries get into credits so they’re not paying high interest rates for the money that they are using,” he said.

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